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Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. BB (11/1) Materials Inventory 47,000 137,000 Finished Goods
Partially completed T-accounts and additional information for Cardinals, Inc., for the month of November appear as follows. BB (11/1) Materials Inventory 47,000 137,000 Finished Goods Inventory 97,000 Work-In-Process Inventory BB (11/1) 77,000 BB (11/1) 106,000 Labor 90,000 Manufacturing Overhead Control 95,000 Cost of Goods Sold 197,000 137,000 Applied Manufacturing Overhead es Additional information for November follows: Labor wage rate was $25 per hour. Manufacturing overhead is applied at $24 per direct labor-hour. During the month, sales revenue was $355,000, and selling and administrative costs were $65,000. This company has no indirect materials or supplies. Required: a. What cost amount of direct materials was issued to production during November? b. How much manufacturing overhead was applied to products during November? c. What was the cost of products completed during November? d. What was the balance of the Work-in-Process Inventory account at the end of November? e. What was the over- or underapplied manufacturing overhead for November? f. What was the operating profit (loss) for November? Any over- or underapplied overhead is written off to Cost of Goods Sold. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Required F What cost amount of direct materials was issued to production during November? Direct materials
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